How much is Vice President Mike Pence worth?
nearly two decades of government service to become a millionaire on taxpayers’ dime through his state and federal pensions in 2019–and less than three years to quadruple his fortune as a public speaker, writer and consultant after leaving the vice presidency in January 2021.
Over the next decade, Pence reinvented himself as a local radio star, billed as “Rush Limbaugh on decaf,” making him a minor celebrity in the conservative Midwest and helping propel him into Congress on his third attempt in 2000. Still, the U.S. representative from Indiana remained one the Capitol’s poorer members, with few assets to his name besides stock in his family’s Kiel Bros.
Between the 12 years Pence served in the House through 2012 and his four years as vice president beginning in 2017, he is currently eligible to collect an estimated $62,750 per year from the federal government for the rest of his life. If he were able to sell that annuity today, he could get about $620,000 for it, down only slightly from around $700,000 in 2019, with two years of additional service as vice president offset by the impact of interest rate hikes.
Pence’s pensions are still worth a lot to the former vice president, accounting for nearly a quarter of his estimated $4 million fortune, or $1.1 million combined. But they’re notanymore.
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